Argentina: Vista Oil and Gas announces the sale of its working interest in the Coiron Amargo Sur Oeste concession
28 Jun 2021
Vista Oil & Gas Argentina has sold its 10% working interest in the joint venture agreement over the
Coirón Amargo Sur Oeste
Royal Dutch Shell, for a total consideration of
US$21,500,000, payable in the following manner: (i) US$15,000,000 in cash, and (ii) US$6,500,000 as carry for the extension of infrastructure works for the collection and supply of water, which is operated by Shell and supplies Vista’s operation.
The Province of Neuquén, by means of Decree 1027/2021, dated June 24, 2021, has approved the addendum to the JV agreement, reflecting the new working interests in such JV in accordance with the aforementioned transaction. With the issuance of the Decree all agreed conditions precedent have been fulfilled; therefore, Vista and Shell shall determine a closing date for the transaction, which must take place within the next 5 business days
Vaca-muerta
San-juan
Argentina
Netherlands
Dutch
Macnaughton-corp
Royal-dutch-shell
Shell
Vista-oil-gas
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